Leave a legacy:
Charitable Gift Annuity
Discover how to maximize your gift and create a legacy.
Gift Through a Charitable Gift Annuity
A gift that pays you for life…
Create an income for life and a legacy that supports research, patient care, and education at Barrow.
The concept of a gift annuity is simple. You donate assets to Barrow Neurological Foundation and we invest them. You will receive a fixed-income payment each year and continue to receive that payment for life. With the volatility of the stock market, this is a great way to support Barrow and receive a steady income. You can give a gift of cash or stock and potentially receive a partial income tax deduction. In 2022, Congress passed the SECURE ACT 2.0, which gives you the one-time opportunity to create a $50,000 Charitable Gift Annuity with IRA assets. You must be at least 70.5 years old.
Features and Benefits
Receive a stable income for life.
Qualify for a partial charitable deduction.
Support Barrow while also meeting your lifetime needs.
Increase your income from a low-yield asset.
Eliminate up-front capital gains tax on assets you have held for a long time and have appreciated in value.
Helpful if you are concerned about outliving your money.
Considerations
Must be at least 70.5 years old.
Preferred minimum of $50,000.
Income payments can be partially taxable.
Learn more about maximizing your gift!
Emily Lawson, Senior Director of Philanthropy
[email protected] | 602.406.1051
Hear from Norm and Carol Miller
They recently created a lasting legacy at Barrow with a planned gift.
We now feel confident that we will have steady income for life while supporting a charity near and dear to our hearts well into the future.
The Miller’s learned that they could use funds from an IRA or appreciated asset, such as stock, to create a Charitable Gift Annuity and reduce their tax burden while also funding their retirement for life.
Barrow Planned Giving Options
As you think about your estate planning, consider leaving a legacy gift to Barrow Neurological Foundation in your will or trust to make a meaningful impact for years to come.
Retirement accounts often are the best assets to donate to charitable organizations, such as Barrow Neurological Foundation, during your lifetime and in your legacy.
A donor advised fund (DAF) is a “charitable savings account” that allows you to receive a deduction the year you need it most and give to charities and causes that are meaningful to you over time.
Create an income for life and a legacy that supports research, patient care, and education at Barrow.
There are many ways to gift life insurance and investment annuities.
Appreciated assets, including real estate, rental property, vacation homes, business assets, and business interests, are great ways to give to Barrow Neurological Foundation.
If you transfer stock to Barrow Neurological Foundation, we will be able to sell the stock tax free, allowing you to avoid any capital gains tax you would otherwise have to pay.
The information provided is not intended as legal or tax advice. For such advice, please consult an attorney, financial or tax advisor.